The Soul of Enterprise: Business in the Knowledge Economy

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September 16th 2016:Trashing the Timesheet

Hourly billing and timesheets are inextricably linked: you cannot discuss one without the other. The reason is because both use a common measuring device: Time. There are four primary defenses of timesheets: 1. They are a pricing tool: 2. They are a cost accounting tool: 3. They are a project management tool: and 4. They measure the productivity of our professionals. Logic teaches us that if time is the incorrect measure of external value, then timesheets are the wrong measuring device for internal knowledge workers, similar to plunging a ruler into the oven to determine its temperature. After